Chembio Diagnostics Financial Health

How is Chembio Diagnostics's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: CEMI's short term assets ($40.9M) exceed its short term liabilities ($14.0M).

Long Term Liabilities: CEMI's short term assets ($40.9M) exceed its long term liabilities ($22.1M).


Debt to Equity History and Analysis

Debt Level: CEMI has more cash than its total debt.

Reducing Debt: CEMI's debt to equity ratio has increased from 0.01% to 96.1% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CEMI has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: CEMI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 32.1% each year


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